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Tag - oil refinery

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mercredi 8 août 2018

Biggest Vietnam oil refinery boosts output as defects fixed

The biggest oil refinery in one of Asia’s fastest-growing economies is ramping up production and expects to run at full capacity in September after a 16-month delay due to faulty construction, its general director said.

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jeudi 7 juin 2018

Vietnam's second refinery to be fully operational by early august

Vietnam's second oil refinery will be fully operational by early August, a senior executive at the plant told Reuters on Wednesday, significantly reducing the country's reliance on refined product imports.

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jeudi 8 mars 2018

Vietnam revokes $3.2 billion oil refinery project license

Vietnam has revoked the investment license for a foreign-owned $3.2-billion oil refinery project in the country’s central province of Phu Yen, a local government official told Reuters on Thursday.

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mardi 27 février 2018

Vietnam's Nghi Son oil refinery ready for start-up from Feb. 28

Vietnam’s second oil refinery, Nghi Son Refinery and Petrochemical, will be ready for start-up from Feb. 28, its parent firm Vietnam Oil and Gas Group, or PetroVietnam ,said on Monday.

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dimanche 17 décembre 2017

Foreign investors keen to acquire stake at oil refinery

The equitization of Binh Son Refining and Petrochemical Company (BSR), the operator of Dung Quat Oil Refinery in central Vietnam, has drawn strong attention of big foreign investors given the company’s strong financial readings and its market position.

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vendredi 18 août 2017

Vietnam crude oil imports to hit record as refinery gets ready to start

Vietnam's crude oil imports will soar to record highs in August as the country ramps up fuel refining at a time when local crude output is dwindling.

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samedi 3 décembre 2016

Vietnam seeks $1.2 billion in overseas loans to expand refinery

Vietnam is seeking about $1.2 billion in overseas loans for its only oil refinery before a share sale in 2017, to increase output and meet demand in one of Southeast Asia’s fastest growing economies.

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lundi 11 janvier 2016

Russia's Gazprom Neft halts purchase in Vietnam's Dung Quat refinery

Russia's Gazprom Neft (GPN) has halted negotiations to buy a stake in the operator of Vietnam's only working oil refinery, according to an internal report by state-owned oil and gas company PetroVietnam seen by Reuters on Monday.

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jeudi 10 décembre 2015

Hard time for billion USD refinery projects in Vietnam

Multi-billion USD refinery projects are being implemented very slowly while the operating Dung Quat oil refinery project has constantly asked the Vietnamese government for support and incentives.

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dimanche 15 février 2015

Why do foreign investors want to set up oil refineries in Vietnam ?

Experts believe that foreign investors want to develop oil refinery projects because they can see the geopolitical and economic advantage in a Vietnam location.

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lundi 22 décembre 2014

Vietnam to grant licence for $22 bln refinery, petchem complex early next year

Vietnam will grant the licence for a $22 billion refinery and petrochemical complex that will be jointly developed by Thailand's top energy company PTT Pcl and Saudi Aramco, the world's biggest oil producer, no later than February 2015, a Vietnamese government official said on Monday.

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mercredi 3 septembre 2014

Thailand's PTT plans $20 bln Vietnam refinery, petrochemical complex

Top Thai energy firm PTT Pcl said it would make a proposal to the Vietnamese government to build a $20 billion refinery and petrochemical complex, revised down from an earlier project discussed two years ago.

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lundi 20 janvier 2014

Vietnam's 2013 oil product imports fall for second year on higher domestic output

Vietnam's imports of oil products trended lower for the second consecutive year in 2013 amid increased domestic production and continued economic weakness, an analyst from the Vietnam Petroleum Institute said Friday.

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jeudi 17 octobre 2013

Oil refinery projects erected all across Vietnam

While Dung Quat is currently Vietnam’s sole oil refinery, the country will be home to a total of seven such facilities in the next few years, the total capacity of which is much greater than the nation’s current demand.

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mercredi 24 juillet 2013

Vietnam ethanol plant to be merged with oil refinery to cut costs

Vietnam’s only remaining ethanol plant will be merged with the oil refinery at Dung Quat as a cost-cutting measure at a time of low demand.

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dimanche 27 janvier 2013

EPC contract for Vietnam’s biggest oil refinery project signed

The signing ceremony of the EPC contract for the Nghi Son oil refinery project with a total investment of $ 9 billion took place this morning, January 27, in Thanh Hoa province, in the presence of Prime Minister Nguyen Tan Dung.

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jeudi 13 décembre 2012

Oil refinery project in south Vietnam faces license revocation

Authorities of the Mekong Delta city of Can Tho are considering revoking the license of an oil refinery project that has been stagnant for four years, local media reported

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jeudi 18 octobre 2012

Dung Quat oil refinery in trouble again

Abnormally high temperatures at the thermal expansion joints of the CO exhaust pipe at the Cracking workshop, which is considered the "heart" of the Dung Quat oil refinery, is the latest matter that experts have to fix, according to VNExress.

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mardi 13 mars 2012

Foreign firms eye Vietnam refinery stake

HANOI - Vietnam's only crude refinery, the Dung Quat facility, seeks to sell a stake of 49 percent to foreign investors to raise funds and boost its capacity by more than half, an official of the plant's operator said on Tuesday.

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mardi 1 novembre 2011

Refinery repairs cost double estimated figure

The first comprehensive overhaul of the two-year-old Dung Quat Oil Refinery cost nearly double the budgeted figure since some equipment had to be replaced, the operator said Friday.

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jeudi 27 octobre 2011

Vietnam 2nd refinery construction delayed to Q1 2012

HANOI - Construction of the $7.5 billion Nghi Son oil refinery, Vietnam's second such facility, is likely to be delayed until the first quarter of 2012 instead of the last quarter this year, a senior executive from one of the contractors said on Thursday.

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vendredi 25 mars 2011

Vietnam likely to import 300,000 tonnes of gasoline

Vietnam is likely to have to import 300,000 tonnes of gasoline in the near future to meet the domestic demand as the Dung Quat oil refinery will be fully shut down for inspection for two to three weeks from March 23, the online newspaper Tuoitre reported on March 22, citing Nguyen Hoai Giang, general director of Binh Son Refinery and PetroChemical Co., the company that runs the plant.

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samedi 8 janvier 2011

Vietnam to sell 49pct of Dung Quat refinery

State oil and gas group PetroVietnam plans to sell a 49 percent stake in its Dung Quat oil refinery to help provide funding put at $1 billion to expand the plant's capacity, a state-run news website said.

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vendredi 8 octobre 2010

Vietnam refinery may run out of room to store petrol

Hanoi - Vietnam's sole oil refinery may soon exhaust its petrol storage capacity and be forced to cut back production, the refinery's chairman said Friday.

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samedi 26 juin 2010

Vietnam to select partners for third refinery

Vietnam's state oil and gas group Petrovietnam will select partners by the year-end for the nation's third oil refinery, the Long Son plant, its chairman said on Tuesday.

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vendredi 28 mai 2010

Vung Ro Oil Refinery project to be started in 2011

Representative of Russia-based TellOil Group, main investor of Vung Ro Oil Refinery project revealed yesterday that at present, the company has pushed up designing works and contractor selection in order to officially kick off the project in 2011.

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mercredi 26 mai 2010

Boy killed at Vietnam refinery protest

HANOI — A boy was killed and a man left in critical condition when violence broke out during a protest at the site of a planned oil refinery in northern Vietnam, residents and hospital officials said Wednesday.

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vendredi 21 mai 2010

Can Tho Oil Refinery project may lose license

The license for construction of the Can Tho Oil Refinery may be withdrawn, if its investors fail to prove they have adequate funds to complete the project by the end of June.

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jeudi 8 avril 2010

Vietnam to be handed refinery by builders in April

Vietnam expects international builders to hand over the country’s first oil refinery of Dung Quat this month, Vietnam Oil & Gas Group said in a statement on the government’s Web site.

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samedi 9 janvier 2010

Dung Quat refinery to process 5.2m tons crude in 2010

Dung Quat Refinery, Vietnam's first oil processing plant, is scheduled to process 5.2 million metric tons of crude oil this year, an official with the operator of the plant said Wednesday.

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